Endowments took a beating
Foundations and endowments were the worst performers among tax-exempt institutional funds for the one-year period ended June 30, according to the Wilshire Trust Universe Comparison Service, a widely used benchmark.
Foundations and endowments were the worst performers among tax-exempt institutional funds for the one-year period ended June 30, according to the Wilshire Trust Universe Comparison Service, a widely used benchmark.
The endowment model of in-vesting, which tilts heavily toward illiquid equit
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